Wednesday, February 14, 2007

Clearwire Sets IPO Terms

Kirkland, Washington-based Clearwire has set terms of the firm's IPO, saying in a SEC filing that the company is looking to raise up to $575M on the Nasdaq Global Market as CLWR. The firm said it will offer 20,000,000 shares of the firm's stock at a price between $23.00 and $25.00 per share. The amount being raised is an increase from earlier filings, where the firm indicated it would look to raise up to $400M in the IPO. The lead underwriters on the deal are Merrill Lynch & Co., Morgan Stanley, and JPMorgan.